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Based on the uploaded images, you are dealing with a supply and demand scenario in the rental market for apartments. Here's an analysis of the situation described:

### Graph Analysis:
- The **x-axis** represents the number of **apartments available**.
- The **y-axis** represents the **monthly rent** (in dollars).
- There is a **blue line** representing the **demand curve** for apartments.
- The **orange vertical line** indicates the **supply** of apartments, originally set at **60 apartments**.
- The **intersection** of the blue and orange lines shows the **market equilibrium price** at around **$600** when there are **60 apartments** available.

### Scenario Analysis:
- After some landlords convert their apartments into condominiums, the supply of available apartments **decreases to 30**.
- You need to identify the **rental price** when the supply of apartments decreases to 30, which involves shifting the supply line to the left.

### Finding the Price for 30 Apartments:
To find the new rental price, you should extend the **orange line** (representing supply) at **30 apartments** and see where it intersects the demand curve.

From the **demand curve** (blue line), the intersection point at 30 apartments corresponds to a monthly rent of approximately **$900**.

### Conclusion:
- **New rental price with 30 apartments available: $900**.

Let me know if you need further clarifications or details! 

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Here are 5 related questions to expand on this topic:
1. How would the rental price change if the supply decreases to 20 apartments?
2. What factors can cause the demand curve for apartments to shift?
3. How would an increase in the number of available apartments impact the rental price?
4. What role does elasticity play in determining rental price changes in such markets?
5. How might government rent control policies affect the equilibrium in this market?

**Tip**: In supply and demand graphs, when supply decreases (shift left), prices generally increase if the demand remains unchanged.

Consider the market for apartments. Demand is shown on the graph below, as is the market price with 60 apartments in the market. Suppose that several landlords decide to convert their apartments into condominiums for sale. Since these units are no longer available for rent, supply in the rental market decreases to 30. What is the rental price with 30 apartments available?

Explore the impact of a reduced supply of apartments on rental prices using supply-demand analysis. In this example, the supply drops from 60 to 30 apartments, and the rental price is determined at $900. Understand the shift in supply and how it affects market equilibrium, suitable for students in Grades 10-12.

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